The Walt Disney Company (NYSE:DIS) Shares Sold by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC reduced its stake in The Walt Disney Company (NYSE:DIS – Get Rating) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,896 shares of the entertainment giant’s stock after selling 1,225 shares during the period. Resurgent Financial Advisors LLC’s holdings in Walt Disney were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DIS. Dohj LLC raised its holdings in Walt Disney by 1.2% in the 4th quarter. Dohj LLC now owns 7,511 shares of the entertainment giant’s stock valued at $653,000 after buying an additional 91 shares during the last quarter. Marks Group Wealth Management Inc increased its position in Walt Disney by 2.8% during the 4th quarter. Marks Group Wealth Management Inc now owns 3,449 shares of the entertainment giant’s stock valued at $300,000 after purchasing an additional 94 shares during the period. Wealth Advisory Solutions LLC increased its position in Walt Disney by 1.6% during the 4th quarter. Wealth Advisory Solutions LLC now owns 5,981 shares of the entertainment giant’s stock valued at $520,000 after purchasing an additional 94 shares during the period. Boston Common Asset Management LLC increased its position in Walt Disney by 1.3% during the 4th quarter. Boston Common Asset Management LLC now owns 7,735 shares of the entertainment giant’s stock valued at $672,000 after purchasing an additional 99 shares during the period. Finally, Compton Capital Management Inc. RI increased its position in Walt Disney by 0.5% during the 1st quarter. Compton Capital Management Inc. RI now owns 20,689 shares of the entertainment giant’s stock valued at $2,838,000 after purchasing an additional 100 shares during the period. 62.22% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Walt Disney

In other news, EVP Brent Woodford sold 1,145 shares of Walt Disney stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $99.16, for a total transaction of $113,538.20. Following the sale, the executive vice president now directly owns 29,138 shares in the company, valued at approximately $2,889,324.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DIS. Loop Capital decreased their target price on shares of Walt Disney from $130.00 to $125.00 in a research report on Thursday, May 11th. Morgan Stanley reduced their price objective on shares of Walt Disney from $120.00 to $110.00 in a research report on Monday, June 5th. Truist Financial reduced their price objective on shares of Walt Disney from $121.00 to $105.00 in a research report on Tuesday, May 30th. KeyCorp reduced their price objective on shares of Walt Disney from $120.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, May 25th. Finally, Macquarie downgraded shares of Walt Disney from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $125.00 to $103.00 in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Walt Disney has an average rating of “Moderate Buy” and a consensus target price of $123.36.

Walt Disney Price Performance

Shares of NYSE:DIS opened at $92.45 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $95.57 and its two-hundred day simple moving average is $97.23. The Walt Disney Company has a 1-year low of $84.07 and a 1-year high of $126.48. The stock has a market cap of $168.93 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.30.

Walt Disney (NYSE:DIS – Get Rating) last released its earnings results on Wednesday, May 10th. The entertainment giant reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $21.82 billion. Walt Disney had a return on equity of 6.41% and a net margin of 4.74%. During the same period in the previous year, the business posted $1.08 EPS. As a group, analysts forecast that The Walt Disney Company will post 3.85 EPS for the current fiscal year.

Walt Disney Company Profile

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The Walt Disney Co is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company’s global film and episodic television content production and distribution activities.

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